Pace Digitek Subsidiary Secures Rs. 1,587 million Order from Reliance Industries Ltd for Advanced Telecom Battery Solutions

Lineage Power Pvt Ltd, the material subsidiary of Pace Digitek Limited, has received a major purchase order from Reliance Industries Limited for the supply of high-capacity lithium-ion battery packs. The order is valued at Rs. 1,587.1 million (inclusive of GST).

Under the agreement, Lineage Power will manufacture and supply 50,000 units of 48V 15S1P 314AH Lithium-Ion battery packs. These industrial-grade power systems are specifically designed for backup support for telecom loads.

Commenting on the development Chairman & Managing Director, Mr. Venugopal Rao Maddisetty said, "This order from Reliance Industries Limited reinforces our position as a trusted provider of critical energy infrastructure in India and supports our strategy of increasing productled revenues alongside EPC and annuity-linked infrastructure projects. As large-scale deployments gain momentum, we remain focused on disciplined execution, maintaining high quality standards and scaling manufacturing capacity in line with order visibility."

With this order, the consolidated order book of Pace Digitek Limited stands at ~ Rs. 104,906 million, comprising Telecom & ICT infrastructure and Energy segments.

Shares of Pace Digitek Limited was last trading in BSE at Rs. 182.10 as compared to the previous close of Rs. 184.05. The total number of shares traded during the day was 20804 in over 281 trades.

The stock hit an intraday high of Rs. 187.75 and intraday low of 181.30. The net turnover during the day was Rs. 3825041.00.

Source : Equity Bulls

Keywords

PaceDigitek INE0S3G01027 TelecomInfrastructure LineagePower OrderWin RelianceIndustries